All three tenses have at least two readings, so the archetype blend applies as printed.
Of the nine metrics, 7 read as filed from the record and 2 are SI estimates, each with its reasoning, its confidence and what would change it on its card.
What did they actually do?
Has it survived what it has been through?
1 warning event since 2018; the latest 2026-04-30.
From the record
Fangdd Network Group Ltd.'s filings since 2018 show 1 warning event: a late-report notice (Form NT 10-K or NT 10-Q, the latest 2026-04-30) (its current reports).
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What has it actually done, year after year?
-21.7% a year over 5 filed years; profitable in 1 of 5.
From the record
Fangdd Network Group Ltd.'s 5 filed years say what it did: revenue went from CNY 942 million in fiscal 2021 to CNY 355 million in fiscal 2025, down 21.7% a year; it rose in 3 of 4 years; the deepest fall was 74% from fiscal 2021 to fiscal 2022; net income was positive in 1 of 5 of those years (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
How has it treated the people who own it?
SI estimate 0.2/10, confidence 35 of 100 (one part).
SI estimate Inferred, not read as filed
From the record
SI estimate, not a filed reading: Fangdd Network Group Ltd.'s shareholder treatment is put at 0.2 of 10 with a confidence of 35 of 100, because read from one part only, the share count over the years, which ranks in the bottom 2% of 31 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.
What are they doing right now?
Is it financially healthy right now?
ROE -15%: lost 15¢ per shareholder dollar. Leverage 27%: owes 27¢ per asset dollar.
From the record
Return on equity: in the fiscal year ended 2025-12-31, Fangdd Network Group Ltd. lost about 15 cents for every dollar of shareholders' money, and gross profitability: its products earned about 8 cents per dollar of everything the company owns. Leverage: it owed about 27 cents per dollar of assets, and net share issuance: its share count grew 859.5% over the year (the filed statements).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
How strong is its position in its industry?
bottom 48% of 30 in its family; net margin -23.9%.
From the record
Fangdd Network Group Ltd.'s standing among 30 graded names in its industry family: revenue of CNY 355 million in fiscal 2025 is not ranked by size, since the family reports in another currency; a net margin of -23.9% ranks in the bottom 28%; revenue growth of 13% a year over the last 3 filed years ranks in the top 33% (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What are the people in charge doing?
SI estimate 5.0/10, confidence 20 of 100 (family median).
SI estimate Inferred, not read as filed
From the record
SI estimate, not a filed reading: Fangdd Network Group Ltd.'s leadership is put at 5.0 of 10 with a confidence of 20 of 100, because it files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 23 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.
What are they set up to do next?
How much room does it have to grow?
bottom 39% of 29 in its family for room to expand.
From the record
Fangdd Network Group Ltd.'s room to grow, from the newest filed statements (fiscal 2025): cash of CNY 33 million against no long-term debt tagged leaves 4.1% of its assets as net cash, top 24% of its family; cash from operations less capital spending is -23.6% of revenue (bottom 26%); a gross margin of 17.9% (bottom 6%); research spending of 7.2% of revenue (top 50%) (its annual report).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What could actually drive growth from here?
top 30% of 29 in its family for growth drivers.
From the record
Fangdd Network Group Ltd.'s growth drivers, from the filed years to fiscal 2025: revenue grew 13% a year over the last three filed years against -21.7% over all 5, speeding up (top 5% of its family); the newest year grew 4.6% (bottom 40%); research spending grew -27.3% a year (top 50%); capital spending grew 788% a year (top 3%) (its annual reports). Fangdd Network Group Ltd. reported 2 product lines in fiscal 2025: Base Commission From Transactions at CNY 332 million (94%), Innovation Initiatives and Other Value Added Services at CNY 23 million (7%); 2 of 2 grew against the year before (its annual report).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
Did its newest year beat what its own record pointed to?
top 44% of 29 in its family for expectations against reality.
From the record
Fangdd Network Group Ltd.'s newest year against its own record: revenue of CNY 355 million in fiscal 2025 came in 10.9% below the CNY 398 million its prior three years' pace pointed to (bottom 29% of its family); net income of CNY 85 million against a prior three-year average of CNY 102 million (top 36%); a net margin of -23.9% against -40.8% before (top 26%) (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made